Are there foreign banks that have higher yields on savings than banks in the U.S?

Question

If so, would my money be insured? I am a practically dirt-poor siding installer with not much to start with. I'm looking for something solid, at least with a better return than 4% annually, and I can't afford risk right now. Not untill I build up something worth investing.

Answer 1

You say you don't have much to begin with, so how does getting an extra percent or 2 help?? A one percent increase on a thousand dollars, is an extra 10 bucks. To me, it hardly seems worth the trouble.

I don't know what protections there are for foreign investors. You would certainly have to check that out. They must have some version of FDIC protection. But then again, maybe not.

Answer 2

countrywide is offering 5.50% now.fdic insured..............pretty high.............